1199 1St AveNew York, NY 10065

Property Details for 1199 1St Ave

Year built

1962

Lot size

0.31 AC

Property size (Sq ft)

210,305 SF

Zone code

C1-9

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01439-0030

APU

14390030

Description

This exceptional retail opportunity is located at 1199 First Avenue in New York City's vibrant Upper East Side neighborhood (zip code 10065). The property offers a total of 2,619 square feet of commercial space, currently entirely vacant and available for lease. The building is comprised of three individual suites, providing flexibility for various business needs. The smallest available space measures 917 square feet, ideal for a boutique or smaller retail operation. Larger tenants can occupy up to 1,702 contiguous square feet, offering ample room for expansion or a more substantial retail presence. The property's location on First Avenue ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a prominent Upper East Side address. This is a rare chance to secure a fully vacant, multi-suite retail space in a prime New York City location. The property is situated in New York County and offers immediate occupancy. The flexible suite sizes cater to a wide range of retail concepts, from smaller specialty stores to larger flagship locations. This is a unique opportunity to establish a thriving business in a highly desirable and affluent neighborhood. Contact us today to learn more about this exceptional retail space and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $43,114,424

  6.5%

  $39,797,932

  7%

  $36,955,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,591,600

  Geo Method

  $42,591,600

• Alternative Use

  Use

  Valuation

  Residential

  $39,797,932

  Hospitality

  $36,454,692

  Educational

  $30,329,876

  Medical

  $31,372,966

  Retail

  $47,179,808

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7632

Longitude

-73.9597

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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